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the boston terrorist attack continues next with neil cavuto. ♪ an update on the sperm tax. [laughter] >> the clock is ticking. taxes are due but most americans now pay someone else to do that because the rules are so complex. >> i have an accountant. >> you don't want to do it yourself. >> i have no idea and i promise this is true. >> he does my taxes. i don't want to pay him but i have to because i understand the rules. i bet you don't either. tonight we will test to. >> one state offers a $50 tax credit for losing both arms. >> that shows how crazy the irs took your money to make the film that without them the earth would be in chaos. >> money laundering, bribery >> some people want higher taxes, but we are already taxed to death. that is our show. tonight. john: justice oliver wendell holmes once said taxes are what we pay for a civilized society. liberals like to cite that but he said that in 1927 when taxes were just 10 percent of gdp. that is enough to pay for a civilized society but government has grown so far far, so fast it is now spending 40 percent of gdp. is to
paying your tax this is week, listen up. we'll talk about you who you might be able to catch a break in the future with an alternative mmximum tax. hmmm, i like the idea of that. you can only pay the government a certain amount and not a penny more, dammit. but what is the threshold? we are playing music. are we doing a segment? let's bring in john cochran, professor at university of chicago boothe school of business. he wrote a editorial of this we have peter morici. he is one of our favorite economists of course. john, explain this concept to me. this is your idea. what's the idea behind this? that after a certain point it is harming the economy to pay too much tax? >> yeah. we all know that. the other point is that we have a big fragmented tax system. so i want to add up not just federal income taxes but there is federal, state income taxes, local income taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't en
♪ ♪ imus in morning ♪ >> here it comes. a wall street rally, a big new tax and delays at the airport. good monday morning, everyone. yes, minutes from now, stocks will go up modestly. gold has already zoomed about 30 bucks an ounce. several factors involved, including the terrorist kill and capture. that big new tax is a tax on all internet sales. the details released this weekend for a senate vote today, what? talk about passing it to it find out what's in it, nancy pelosi, furloughs for air traffic contollers started yesterday. the transportation secretary says they're unavoidable. sequester delays may hit you today. "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> good morning, everyone, sorry to tell you this, but here comes maximum pain. air travelers, listen up. your
of that smile. airport delays, the president will not divert spending cuts to nonessentials, won't do it. tax refunds to people who didn't pay a dime in the first place. the irs overpaid to the tune of 13 billion dollars. 6 million free cell phones for the poor, not enough. the administration wants to extend the program to high speed internet. and the internet sales tax passes the senate. so, you, sit on the tarmac, game the tax system and get your free internet and let's find something else to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25% pre-market and offered a month free with "house of cards" as the bait and people liked it, big jump in subscribers, almost as many pay for netflix
't -- the guy supposed to be watching out for things like false tax refunds going out the door. so this is a twist on we have been asked to pay our fair share. now they have been caught taking their fair share. this has national implications because of the government furloughs. in other words, budget cuts, federal workers being laid off. the federal workers are basically allegedly getting government benefits but then getting rehired and not telling the government that they have been rehired. so 13 of these irs workers were caught essentially lying saying there were still out of a job when they weren't. gerri: what a story, but what it reminds me of, didn't you report that lots and lots of federal workers don't pay their income taxes? >> that's right. something like three and half billion in back taxes. 312,000 federal workers searching all across branches of the federal government. the department of housing and urban development, the government printing office, the most. even the treasury department, some myra's workers are not paying their federal taxes. get this. another twist. w
and the taxing of i.r.a.s and retirement plans. this has the nation abuzz. it has talk radio athe buzz. because people are worried, and they're not hearing by the way, tom, the $3 million threshold. because wh americans are hearing is the government is now going to plunder people's lifetime retirement savings. i think it's a very dangerous idea. >> i do too. one analyst said, if you start when you come out of college, so you're in your early 20s, and you go to your 60s, that the average nurse's salary, i mean, $3 million sounds like a lot to a lot of people, kind of that class warfare thing. the average nurse's retirement account will add up to more than $3 million. >> no doubt about it. i talk to young people, the most important thing you can do when you're in your late teens and your 20s is start saving early. as you know, what is it that albert eye stein said in the most powerful force in the universe is compound interest. if you start saving early, putting money in ira, 401(k) plans, you can amass not just 3 but $5 million, $10 million. is there something wrong with that? since when does th
. the capping of the money that you can put into 401(k) plans and the taxing of i.r.a.s and retirement plans. this has the nation abuzz. it has talk radio athe buzz. because people are worried, and they're not hearing by the way, tom, the $3 million threshold. because what americans are hearing is the government is now going to plunder people's lifetime retirement savings. i think it's a very dangerous idea. >> i do too. one analyst said, if you start when you come out of college, so you're in your early 20s, and you go to your 60s, that the average nurse's salary, i mean, $3 million sounds like a lot to a lot of people, kind of that class warfare thing. the average nurse's retirement account will add up to more than $3 million. >> no doubt about it. i talk to young people, the most important thing you can do when you're in your late teens and your 20s is start saving early. as you know, what is it that albert eye stein said in the most powerful force in the universe is compound interest. if you start saving early, putting money in ira, 401(k) plans, you can amass not just 3 but $5 million,
action on behalf of tax payers. good to know, but the last line stuck in my craw. on behalf of taxpayers. why wassermann was not thinking of taxpayers before. and hadley, better late than never? >> yeah, uncle sam, giveeth and take elstaketh away. if you have a government big enough to give you everything you want it is also big enough to take away everything you have. this is just a fraction of the problem. that is $34.5 billions too many. neil: i am happy they are looking out for the taxpayers, they did not start out that way. >> it was $193 million originally. i say only, in principle, supporting clean energy, i get, let's face it we know that climate change, man-made, is going to cause future generations serious problems. so i do understand why the government is going after this. neil: we can -- man-made climate change. >> according to the -- >> i am not getting into that argument but your point on tax thing. >> fundamentally the government should take lead investigating clean energy, you can't always -- >> you win some you lose some. >> you can't always vist short-term, it is a long
sense. the president's strategy is he wants the taxes increased. we are not willing to do that. these big cities, chicago, atlanta, those airports will feel the impact economically. people around the country will be weighing in. we looking at legislation to push this issue. there is 47,000 employees. there are 15,000 controllers. also, when you look at what they are and, waterloo, iowa, it is treated the same way as chicago. this does not make sense. lori: you are exactly right. i meant to say looking for a tax increase. here is the dead -- devils advocate. it will actually lay off workers >> that for morale. this is bad for the safety. the airline industry, whether it is cargo or passengers, contributes a trillion dollars to the economy. this is very bad. again, they have the authority to be flexible. if the economy continues to move, the safety is intact. lori: they may postpone these for those 30 days. do you think that is a viable solution? >> they have that flexibility. they think they will get us back to the table to have an increased tax on the american people. that will
and benghazi from a tax of a month ago. the 46 page report issued after months of gathering testimony cites a cable from as early as the 19th of april last year bearing signature with an acknowledgement of a request for more security but approving reductions of facilities and benghazi instead and it includes the obama administration reaction what was called mac a concerted attempt to insulate the department of state from blame following the attacks" end quote. the report's release comes as more than half house republicans are pushing house speaker john painter to create a select committee to investigate the september attack and benghazi. critics attack last night's talk talk imagine that. one that we detail the unanswered questions around illegal immigration we will take that up with the advocacy group that tries to appear so pristine and purer and above politics and we will examine that as well. one of the loudest vocal critics of gang of 8 is congressman smith and he will join us to share his concerns next. for seeing your business in a whole new way. for seeing what cash is coming in and
this intentionally. they want to make sure that we see a situation. if we don't raise taxes we will be in trouble. we don't have to do this. we did not have to leave these people often there is no financial reason for it. let's not make excuses. it is just plain bad management of the way around. gerri: and, of course, it to you. breaking news this afternoon about a lawsuit filed by the industry. the judge in that case did not grant an emergency stay to block furloughs. are you surprised? >> i am a little surprised. obviously a lot of legal opinions that says the faa can actually switch funds around to make this, but i do think it will take but the administration and congress to come together to solve this problem. the faa should delay the cuts that congress should clear up the authority to switch around of funds. it will take both bodies to prioritize this is a problem so we don't have travelers waiting in airports. should have never gone to this point in the first place. gerri: no. so many things congress and the president could have done, work together, but, as we know, they'd all like to. thank yo
to president obama's budget and take a look at this statistic. 86% of tax increases will fall on people making $200,000 a year or more in 2015. this according to the new study by the tax policy center. what to make of this? joining us is the senior political analyst for the washington examiner. michael, good to see you. i'm more interested in the fact that earners nearly every income level will bear some sort of tax increase in this which flies in the face behalf president obama promised years ago. >> when president obama was running for his first term, he said he wasn't going to raise taxes on ordinary people. that's actually been violated in a number of ways, including in the obama care law and early increase in the cigarette tax that tends to hit down scale people more often than it hits upscale people. but in the second term, he's putting in his budget these proposals to change, as i understand it, the c.p.i. that means that your bracket increases will go into effect earlier. people will be thrust into higher tax brackets and so-called buffett tax which amounts to a sort of revival of the
showed surprising resilience dealing with the payroll tax cut exploration and with the first quarter spending close to what it was fourth quarter. so not a real hit and a decline in gasoline prices will give a consumer and nice boost in to the second quarter summer driving season. even in the short term to avoid getting overly pessimistic. connell: thank you very much dagen: she is trying to get us excited about gas that is $3.51 nationwide. [laughter] the frantic search for survivors has a massive explosion at a fertilizer plant levels homes and businesses across a small texas town. connell: carnival invest hundreds of millions of upgrades but now another one of the ships briefly losing power at sea, believe it or not. now look at the price of oil today below $87. ♪ ♪ [ male announcer ] this is karen and jeremiah they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, the
, by the way, talk of an online sales tax. harry reid is suggesting there's a vote on an online sales tax next week. ebay's way down on that. it's own growth forecast as well as the interpret sales tax possibility. ibay's down three bucks, what do you have to add on that? >> i have to add the european story that the chief financial officer of ebay saying the european economy is weaker, weaker british pounds to dense paypal results. put that together, it's a loser. >> it is, big stock, big drop. thanks nicole. to hoyer, the to littization of the boston bombing linking them to the sequester cuts. here's a question a fox news producer asked mr. hoyer. i'm quoting directly. do you think this can help to make an argument to turn off the sequester? here's the congressman's response, well, i think there are compelling arguments to not have turned on the sequester and multiple reasons for investing in our security and don't pursue across the board irrational cutting priorities and buy the same percentage. i think this is another proof of that. if proof is needed, which i don't think, frankly, it is. t
to manufacturer boxcar on. lori: tax-free online shopping could be numbered. melissa: take another look at metals as we head out to break. copper trading lower. we will be right back. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by cnging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. [ lighter flicking ] [ male announcer ] you've reached the age where giving up isn't who you are. ♪ this is the age of knowing how to make things happen. so, why let erectile dysfsfunction get in your wa? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury
. how many pay taxes? we don't know. how many will pay taxes if they get jobs? how much will they pay in taxes? we don't know. what is the real cost of illegal immigration to the u.s.? the real cost? hohonest square, accounting? what is this answer. what are those illegal immigrants paying in taxes and providing in the way of services to others in this country, some are i imencely productive? what is the cost of the jobs they hold, is there no cost? is it true they only work in industries where americans don't top work. this that is find just give us an answer, do we as a nation make money? do we benefit? do we prosper because of illegal immigration. you hear everyone say we're a nation of immigrants, why don't they say a nation of illegal immigrants? the questions go on and on, is the path to citizenship appropriate? is it good or bad for the economy? it is good for american society. the real question becames after 10 years of debating this issue, why in the world don't we havv these answers? that's the big question. if you have been watching politics, and washington as long as i hav
director, douglas holtz-eakin. we could be hit with an individual security tax. he will explain when he joins tracy byrnes and adam shapiro the next hour of fox business. don't miss it. [ male announcer ] in your lifetime, you will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. care for your partial. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhal
is not growing and getting a little weaker with the higher taxes, but, you know, and i also like netflix. i like amazon. i like sales force. i like companies that they actually are creating demand because they're new leading edge products. yes they have a very high p-e. so does sales force. so does amazon. but they're generate, they at tracking new revenues from new businesses that didn't exist before. netflix is a great example. david: one. hits against apple right now, which you are recommending. and this is to michael. they haven't come out with a new product line. they have been sort of revising some old models. does that concern you? are you still for apple even though the new products don't seem to be anywhere to be seen? >> i would agree with you, in the past couple quarters we haven't seen anything compelling coming out. but i think that is going to change. i think we heard a lot about an i-watch. i think we heard about itv. we heard about a new ipad coming out. we'll get something not a complete makeover but a new iphone. i believe the product seitel will -- cycle will get much better n
. and neither democrats nor republicans seem to like it. republicans won't behaving any of mr. obama's tax hikes and higher spending and democratsup set the president wants smaller increases in payments to retiees. his $3.7 trillion proposal amounts to the largest budget in miles per hour history. it doesn't come lose to balaing. deficits in perpetuity. the president looking for easy within on gun control and has be pushing hard for krong to produce. the first major gun control legislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. the rest is purely window dressing on an issue that the untry takes farmore seriously than the presiden originally estimated. we will take it up tonight with senator ted cruz who emerged on the first year in washington as p with of his party's national leaders. the head of the national rifle assoation wayne lapierre joins us as well. other stories we're covering, north korean leader kim jong un taking the rhetoric to new highlights, issuing daily-threat against south korea. fo
. neither democrats nor republicans seem to like it. republicans won't have any of mr. obama's tax hike and higher spending andteams upset the president wants smaller indecrease in payment to retiree. the $3.7 trillion proposal amounts to the largest budget in american history. it doesn't come close to balancing, deficits in perpetuity. the president looking for easy win on gun control and looking for congress to produce the first major fun control legislation in two decades. but it's unclear what the president can get through congress. they agree there is no chance of passage for limit on magazines and the rest is window dressing on an issue that the country takes more seriously than the president originally estimated. he will take all of that up with ted cruz who emerged on the first year in washington as one of the party's national leaders. wayne lapierre will join us as well. other stories, kim jong un taking his bellicose rhetoric to new heights issuing daily threats against the united states and south korea. fox news military analyst, four-star general jack keane weighs in. >> sen
't guess tax cuts helped here. those are not the kind of things that help. what american is to do is realize, we have people in this world who want to kill us. neil: to their point, governor. i think what he is saying, adjustive it, we would have had more, presumably, security personnel on hand, police on hand, rescue workers on hand to deal with this. by my math looking around the scene before and after, there were plenty of such personnel. i don't know whether in the short time since sequestration boylson street one of them had been laid off. >> well, unless there is some evidence in the boston police force coming forth and says, we were 300 men short, but there was no indication that there was any lack of security for the boston marathon, and i think for people to make those allegations , especially for elected officials, it is simply something for which they should roundly and very visibly apologize for. neil: thank you very, very much. i guarantee you from the left and the right and i have a feeling we will hear more of this sort of stuff. for a considerable amount of time i
. and neither democrats nor republicans seem to like it. republicans won't be having any of mr. obama's tax hikes and higher spending and democratsup set the president wants smaller increases in payments to retireees. his $3.7 trillion proposal amounts to the largest budget in miles per hour history. it doesn't come close to balancing. deficits in perpetuity. the president looking for easy within on gun control and has be pushing hard for krong to produce. the first major gun control legislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. the rest is purely window dressing on an issue that the country takes far more seriously than the president originally estimated. we will take it up tonight with senator ted cruz who emerged on the first year in washington as up with of his party's national leaders. the head of the national rifle association wayne lapierre joins us as well. other stories we're covering, north korean leader kim jong un taking the rhetoric to new highlights, issuing daily-threat again
republicans seem to like it. republicans won't be having any of mr. obama's tax hikes and higher spending and democratsup set the president wants smaller increases in payments to retireees. his $3.7 trillion proposal amounts to the largest budget in miles per hour history. it doesn't cme close to balancing. deficits in perpetuity. the president looking for easy within on gun control and has be pushing hard for krong to produce. the first major gun control gislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. e rest is purely window dressing on an issue that the country takes far more seriously than the president originally estimated. we will take it up tonight with senator ted cruz who emerged on the first year in washington as up with of his party's national leaders. the head of the national rifle association wayne lapierre joins us as well. other stories we're covering, north korean leader kim jong untaking the rhetoric to new highlights, issuing dailyhreat against south korea. fox news military
in the basement, existing home sales disappoint in march. we're going to go behind the numbers. cheryl: more tax pain. congress finally ready to vote on the controversial on line sales tax plan but some business owners are furious. we're going to explain. dennis: and top dog stocks. why pet food is paying off for investors. let's look at oil. up a touch. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. cheryl: let's head back to the floor of the new york stock exchange with nicole. best story of the m
you will see that you might see your property tax bill. even tha yave the fuse that cost through lots of people who don't have childn. also sales taxes. so you don't know the price of all the things you'reemanding the sound good. and the worst part is ultimately en a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? that's ♪ john: in wisconsin two years ago governor walker resisted the demands of those protesters and eventual won at the polls. collective bargaining with things like hlth insurance. they took away the union's ability to force teachers to pay dues. what has happene since? good things, says ke olson new rise the education action group which is following what has been happening. so what happens? >> well, we have seen joyce expand, competition expand. we have seen union drop dramatically. the teachers' union has lost 30 percent of their members. other public-sector unions have lost
the most you will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? that's n my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. ♪ john: in wisconsin two years ago governor walker resisted the demands of
with the cost of doing that. in pubc schooling the most you will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? that's n ♪ john: in wisconsin two years ago governor walker resisted the demands of those protesters and eventually won at the polls. collective bargaining with things like health insurance. they took away the union's ability to force teachers to pay dues. what has happened since? good things, says kyle olson new rise the education action group which is following what has been happening. so what happens? >> well, we have sn joyce expand, competition expand. we have seen union drop dramatically. the teachers' union has lost
might see your property tax bill. even that, you have the fuse that cost through lots of people who n't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the bl. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are ty? at's n ♪ john: in wisconsin two years ago governor walker resisted the demands of those protesters and eventually won at the polls. collectivive bargaining with things like health insurance. they took away the union's ability to force teachers to pay dues. what has hapned since? goodhings, says kyle olson new rise the education action group which is following what has been happening. so what happens? >> well, we have seen joyce expand, competition expand. we haveeen union drop dramatically. the teachers' union has lost 30 percent of their members. other public-sector unions have lost0 percentf the
it deducted directly from their earnings through a withholding tax. david: okay. >> that would be easy way. david: come here with zero but with creative powers and eventually pay off. >> terrorist issue i think is an important one and of course we wouldn't change the rules on that. anybody coming into the united states would have to pass the same screens that they pass now as well. so, you're not going to just let someone come in here because they have $50,000 but you know, the same problems that plague us right now with people coming in for free wouldn't be any different under this system. you've got to do a good job of enforcement and you know our officials do a pretty good job of enforcement that wouldn't be solved or exacerbated by selling the slots. david: ed lazear, always thinking out of the box. great to see you, my friend. former chairman. council of economic advisors. >> thank you. david: great to see you, eds, thanks. >> thanks, david for having me. liz: this story has gotten bigger and bigger even though the markets were able to come back. first cbs, now the associated press an
: that underestimate the effect of the tax hikes? >> no doubt about it. we have been underweight a negative on the home building and consumer discretionary dough mess i canly levered sectors for a couple reasons. one we thought the market was underestimating the tax effect as you alluded to. the second piece was the market was understilting the fact that the mortgage credit channel remains impaired. you see that in bank earnings this week. all the disappointment on the banking side has come on the mortgage channel. david: why bank of america got hit so hard. >> bank of america, jpmorgan, wells fargo. in essence this is a function of freddie and fannie as well as the fha still mispricing mortgage credit risk. and, there are still being unresolved issues in the banking system about capital requirements for basal 3 and bank uncertainty. david: what about what we still have. you advise getting into bond-like stocks . what do you mean by that? >> well, in essence we've had this outperformance of the more defensive sectors but it is not so much that they're defensive. we're talking about stable cash flows, s
bad policies coming out of washington. i mean, these things should be-- we should be lowering tax rates and broadening the tax base and controlling spending where it should be controlled and having free trade, minimal regulations, but we're going in the wrong direction, stuart. i think you're right. >> what about that question about everybody printing money? well, they are, we know that, but, i don't think it's working this time around. it's just not, you know, juicing the stock market like it used to. >> i don't think it used to so i agree with you totally. you can't push on a string and they have been trying to push on a string and if you look at it this is the single worst u.s. recovery in history and obviously, it's the largest single monetary expansion in history. and obviously, they don't work, they just don't work and he's grasping at straws and god knows what type of real problems we'll have down the road when all of this comes home and we have to reverse it. >> art, you've been on this program frequently, recently saying watch out. that election coming up next year, that
%-from boston. the irs says boston taxpayers will be granted extensions on their tax returns. every little bit helps. that is my "2 cents more." a great night and we will see rebecca tomorrow evening. ♪ lou: lou: good evening and thank you for being with us. details tonight emerging about yesterday's horrific terrorist attack and the boston marathon. the two explosions on boils some street wounded 176 by standards. three people killed. martin richard lost his life in the explosion that also left his brother and sister critically wounded. waiting by the finish line to hug his father and to congratulate him for finishing a marathon. 29-year-old crystal campbell also killed in the attack after adding to the finish line to take a picture of a friend was completing the race. the third victim has now been identified as a graduate student from boston university, but her name has not been released pending notification of next of kin. seventeen other victims tonight remain in critical condition. some have lost limbs or arms, many have suffered severe injuries to their legs. doctors operate
with the cost of doing that. in public schooling the most you will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? that's next. ♪ at od, whatever business you're in, that's the business we're in with premium service like one of the best on-timdelivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping g the world keep promises. u will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and p
schooling the most you will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and theorst part is ultimatel even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? so what are they? that's n the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up easy... do you want 50% more cash? yes! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... ♪ [ male announcer ] every car we build must make adrena
with the cost of doing that. inublic schooling the most you will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demanding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. two years later we can see the results. so what are they? that's n thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long
. it lets bmw avoid painful 100% tax that india imposes on if finished cars into the country. that's latest from the fox business network, giving you the power to prosper david: well apple's stock fell to a 1-year low today as word came of delays in production of new products including the iphone 5 s and mini ipad ii. one of those reports about delays came from jeffries and company managing director peter misek. he came from apple's asian manufacturing centers. peter, joins us on the phone. peter, what do you think of the market reaction. do you think they overreacted to the your report? >> i don't think it was our report that drove it alone. our report came out yesterday and market digested it easily. i think it had a lot to do with confirmation that there was a slowdown in production. cirrus logic report worse than expected and guided down materially versus street expectations. we had industry publications out of asia talking about declines in ipad mini production of 20 to 30%. all triangulating on the same data which there is slowdown in apple's production. david: peter, you were actuall
the tax hike on the not only well to do but tax hike on every dollar on obamacare and other things. if anything that will affect things. i doubt this will. gerri: rc. this is already one event too many for me. what do you say? >> bingo. >> consumers are driven most what is happening to their biggest asset. for most people the biggest asset is their house. is it appreciating or depreciating? is it above water or below water? that will be big part of what drives consumer sentiment? how safe is their jobs? are they getting raising or people being laid off. that will drive consumer sentiment. gerri: certainly important issues. jordan back to you, when you look at the past what is response from consumers? >> certainly after 9/11 there was dramatic decrease in consumer activity. people cut back on spending. gerri: recession. >> that happened at that time. this isn't that. it is a one-shot event at least at moment. if there are other events that would affect things much more. this is not as big as 9/11 but people definitely pull back when these things happen. gerri: gary to you. we've wat
the mosyou will see that you might see your property tax bill. even that, you have the fuse that cost through lots of people who don't have children. also sales taxes. so you don't know the price of all the things you're demding the sound good. and the worst part is ultimately even a good sounding things don't produce good results. john: thank you. next protest in wisconsin? these people are part of the blob. most remember the teachers' union. they lost this fight. twyears later we can see the results. so what are they? [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive.. but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ♪ john: in wisconsin two years ago governor walker resisted the demands of those protesters and eventually won at the polls. collective bargaining with things like health insurance. they took away the union's ability to force teachers to pay
. and the president who accuse someone by the name of mitt romney of not paying his taxes. by golly, they get away with it. at some point here facts are going to begin to matter to the american people. your nose? maybe, maybe, just maybe we were right. now, when the president calls on citizens who want to preserve their constitutional rights and the nra lyres, i think we're getting pretty close to the point. i think if you try much harder, mr. president, we will get there. when things get crazy they get crazier. and elvis impersonator arrested. "dobbs law" next. disappointing economic reports and earnings driving the market's lower. a former ceo of the dnc, john allison's eyes this to tell us what it means. the gang of eight makes its pitch for emigration reforms. the secretary of state, chris go back tells us why it is just one big, bad idea. ♪ are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. @ you know it even after all these yea
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